Increased demand for ABS pumps

08.11.2002

The ABS Interim Report January – September 2002: Invoiced sales amounted to 239 MEUR (215), which adjusted for the effects of exchange rate movements is a rise of 11 percent.

Company acquisitions account for 8 percentage points of this figure. Operating earnings rose to 14 MEUR (12 excluding restructuring costs).

The inflow of orders rose by 2 percent for the current structure after adjustment for the effects of exchange rate movements.

In water and wastewater, which is ABS biggest segment, demand increased compared with the corresponding period the previous year. In the building services segment, demand also increased, while in the process industry it was on a par with the previous year.

During the third quarter, a number of major orders were received in Asia, including ones in China for pumps, mixers and compressors for delivery to three treatment plants and for process pumps and mixers for three paper mills. The total value of the orders amounts to 2 MEUR. ABS Nopon compressors worth 0.4 MEUR were sold to a water treatment plant in Korea.

In the USA, orders received included two, together worth approximately 0.9 MEUR, for pumps for a wastewater treatment plant in Connecticut and for a water supply project in North Carolina.

A number of major orders, worth together 2 MEUR, were received in Spain relating to equipment for wastewater treatment. In Slovenia, the pulp and paper maker VIPAP and

a wastewater treatment plant in Maribor bought pumps for a total of slightly more than

0.7 MEUR.

About ABS Pumps

ABS is one of the world’s leading manufacturers of pumps, mixers and aerators specialising in Water & Wastewater, General Industry, Pulp & Paper and Building Services. Our extensive world-wide sales and service companies operate in Europe, North and South America, Africa, Asia and Australia.

Exchanges rates from SEK to EUR: 9.17898 (2002) and 9.15886 (2001)

More articles on this topic

GEA Achieves Mid-Term Financial Targets Ahead of Schedule and Announces Ambitious Plans for 2030

07.10.2024 -

GEA recently unveiled its Mission 30 Group strategy at a Capital Markets Day. The comprehensive plan details how GEA will continue to drive profitable growth and significantly expand the company’s share of sustainable solutions until 2030. AI-supported processes and new business models will play an increasingly important role in achieving this.

Read more

Evonik Aims to Generate €1.5 Billion Additional Sales with New Innovation Strategy

26.09.2024 -

Specialty chemicals company Evonik is driving forward the green transformation of industry. With its new innovation strategy, it is stepping up its focus on sustainability. To this end, it is bundling a large proportion of its R&D activities in three new innovation growth areas. These should generate additional sales of €1.5 billion by 2032, compared with 2023.

Read more

Xylem Expands Corporate Venture Capital Investments

17.07.2024 -

Xylem (XYL) is expanding its corporate venture investing plans with $50 million committed to support emerging companies and water services providers that solve critical climate challenges such as water scarcity, quality, and decarbonization. Xylem aims to accelerate the availability of water solutions to address these challenges by directly investing in startups developing disruptive water technologies, and by investing in specialty venture capital funds.

Read more

Record Figures at KSB’s Annual General Meeting

23.05.2024 -

In 2023, the Frankenthal-based pump and valve manufacturer KSB achieved its highest ever order intake and sales revenue. At 7.9 %, the EBIT margin exceeded its expectations for the financial year. At the Annual General Meeting on 8 May, Dr Bernd Flohr, Chairman of the Supervisory Board, expressed his satisfaction in view of the persistently difficult economic conditions.

Read more